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You purchased a $255,000 home, putting down a 20 percent down payment. You have obtained a 30 year fixed-rate mortgage with a 5.85% rate. What
You purchased a $255,000 home, putting down a 20 percent down payment. You have obtained a 30 year fixed-rate mortgage with a 5.85% rate. What is your monthly payment? [5 pts.] Show all work. Carry all calculations out to four (4) decimal places (except dollars and cents). Highlight in bold your
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